Italo Francisco

Ítalo Francisco is forty years old. He is in a civil union marriage and has five children. He lives with his children and wife in the city of Ventanas, in the los Ríos province.

The communal bank El Guasmo is located in the area known as "Cold Water of Mocache", which is part of the Mocache region. People here make a living in agriculture and in livestock.

Francisco makes a living in farming and in growing corn. He is asking for a loan in order to buy insecticide, urea, and herbicide. With the help of the loan, he will be able to buy what is necessary for his crops. He will buy the items in the Mocache area.

His dream is to be able to buy his own land. In his free time, he likes to hang out and converse with his children and wife.

Additional Information

About Cooperativa San Jose

This loan is administered by Cooperativa San Jose, a 45,000-member credit union located high in the Andes Mountains of Ecuador’s poorest province, Bolivar. They offer a unique loan called “Ventanillas Rurales” [Window to the Countryside], which uses a group guarantee but is an individual loan with a savings component, mostly to rural borrowers. Due to low savings rates and a history of macroeconomic instability, many traditional loans in Ecuador demand interest rates that are prohibitively high for some borrowers. There is also a high incidence of extortionist black-market lending in Ecuador. CSJ helps mitigate these problems by providing a less onerous and more appropriate option. Join CSJ’s Lending Team!